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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets:    
Cash and cash equivalents $ 928,974 $ 534,357
Restricted cash 608,233 713,808
Loans and investments, net (allowance for credit losses of $195,664 and $132,559) 12,377,806 14,254,674
Loans held-for-sale, net 551,707 354,070
Capitalized mortgage servicing rights, net 391,254 401,471
Securities held-to-maturity, net (allowance for credit losses of $6,256 and $3,153) 155,279 156,547
Investments in equity affiliates 79,303 79,130
Due from related party 64,421 77,419
Goodwill and other intangible assets 91,378 96,069
Other assets 490,281 371,440
Total assets [1] 15,738,636 17,038,985
Liabilities and Equity:    
Credit and repurchase facilities 3,237,827 3,841,814
Securitized debt 6,935,010 7,849,270
Senior unsecured notes 1,333,968 1,385,994
Convertible senior unsecured notes, net 283,118 280,356
Junior subordinated notes to subsidiary trust issuing preferred securities 143,896 143,128
Due to related party 13,799 12,350
Due to borrowers 121,707 61,237
Allowance for loss-sharing obligations 71,634 57,168
Other liabilities 343,072 335,789
Total liabilities [1] 12,484,031 13,967,106
Commitments and contingencies (Note 14)
Arbor Realty Trust, Inc. stockholders’ equity:    
Preferred stock, cumulative, redeemable, $0.01 par value: 100,000,000 shares authorized, shares issued and outstanding by period: Special voting preferred shares - 16,293,589 and 16,325,095 shares, 6.375% Series D - 9,200,000 shares, 6.25% Series E - 5,750,000 shares, 6.25% Series F - 11,342,000 and 8,050,000 shares 633,684 633,684
Common stock, $0.01 par value: 500,000,000 shares authorized - 188,505,264 and 178,230,522 shares issued and outstanding 1,885 1,782
Additional paid-in capital 2,367,188 2,204,481
Retained earnings 115,216 97,049
Total Arbor Realty Trust, Inc. stockholders’ equity 3,117,973 2,936,996
Noncontrolling interest 136,632 134,883
Total equity 3,254,605 3,071,879
Total liabilities and equity $ 15,738,636 $ 17,038,985
[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities, or VIEs, as we are the primary beneficiary of these VIEs. At December 31, 2023 and 2022, assets of our consolidated VIEs totaled $8,614,571 and $9,785,261, respectively, and the liabilities of our consolidated VIEs totaled $6,967,876 and $7,876,024, respectively. See Note 15 for discussion of our VIEs.